SugarBud Craft Growers (CVE:SUGR) Trading Up 10.5% – Time to Buy?

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report)’s share price rose 10.5% on Friday . The company traded as high as C$11.00 and last traded at C$10.50. Approximately 8,544 shares changed hands during trading, an increase of 607% from the average daily volume of 1,209 shares. The stock had previously closed at C$9.50.

SugarBud Craft Growers Stock Up 10.5%

The company has a quick ratio of 0.03, a current ratio of 1.48 and a debt-to-equity ratio of 157.27. The company has a market cap of C$252.72 million, a PE ratio of 7.50 and a beta of 2.77. The company’s fifty day moving average is C$10.42 and its 200-day moving average is C$11.38.

About SugarBud Craft Growers

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SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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